
The draft federal budget includes forecasts for personal income tax collections from bank deposits for a three-year period.
Russian budget revenues from the tax on interest on bank deposits in 2027 will reach 1.017 trillion rubles, and in 2028 and 2029 will amount to 305.6 billion and 307.4 billion rubles, respectively.
AI-generated summary
In Russia, there is a tax on interest income on bank deposits that exceeds the non-taxable limit.
Brief retelling from RIA II
Russian budget revenues from the tax on interest on bank deposits in 2027 are expected to reach 1.017 trillion rubles, and in 2028 and 2029 - 305.6 billion and 307.4 billion rubles, respectively.
The non-taxable amount of income on deposits will be 160 thousand rubles; for income above this amount in 2027, the owner will need to pay personal income tax at a rate of 13% or 15%.
The total volume of personal income tax revenues to the federal budget is expected to be 1.965 trillion rubles in 2027, 1.341 trillion rubles in 2028 and 1.425 trillion rubles in 2029.
MOSCOW, October 1 - RIA Novosti. Russian budget revenues from the tax on interest on bank deposits in 2027 are expected to be 1.017 trillion rubles, and in 2028 and 2029 - 305.6 billion and 307.4 billion rubles, respectively, such estimates are given in the documents for the draft federal budget for the next three-year period.
Income tax in Russia is not levied on all income of citizens on bank deposits, but only on the amount on all deposits that exceeds the non-taxable limit, which depends on the maximum size of the Central Bank key rate in force in the corresponding year. In 2026, the maximum level of the key rate was 16%, then the Central Bank reduced it, which means that the non-taxable amount of income on deposits will be 160 thousand rubles. For income above this amount in 2027, the owner will have to pay personal income tax at a rate of 13% or 15%.
The total volume of personal income tax revenues to the federal budget is expected to be 1.965 trillion rubles in 2027, 1.341 trillion rubles in 2028 and 1.425 trillion rubles in 2029.
The federal budget receives income from personal income tax for income on deposits, and for other types of income - only at progressive rates: 15% - for income from 2.4 to 5 million rubles, 18% - for income from 5 million to 20 million rubles, 20% - from 20 million to 50 million rubles and 22% - for income over 50 million rubles per year.
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Personal income tax receipts from deposits in 2027 will amount to 1.017 trillion rubles
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